C

CryptoCurrency Exchange

A decentralized exchanger

C

CryptoCurrency Exchange

A decentralized exchanger

The problem CryptoCurrency Exchange solves

Blockchain can help us in achieving a certain level of security and integrity

  • Blockchain is an open and distributed database.
  • The data is distributed (or duplicated) across many computers in the network and the whole blockchain is entirely decentralized.
  • Blockchain stores all the history of the transactions.
  • It is nearly impossible for the attackers to attack the database.
  • It can help in reducing the need for any intermediaries by performing the functionalities at much lower transaction fees.

And as our project runs on Etherium blockchain so, it is completely decentralized and safe to use.

Challenges we ran into

The Crypto Currency concept is a bit new for us and making smart contracts is the most difficult part of that. But yet we completed this project which can transfer the coins in a decentralized way. The cryptocurrency exchange is a business that allows customers to trade their cryptocurrency for other assets for example conventional fiat money or other digital currencies. We have created two ERC20 tokens: Pumpcoin and Napcoin
1 Pumpcoin = 10 Napcoins The deployed contract holds funds of both the type of tokens - pumpcoin and napcoin. The idea is similar to farms/pools is currently implemented in decentralized exchanges such as Uniswap and Pancakeswap. Users can interchange tokens of one type with other types through the deployed contract.

Discussion